Risks associated with the management of cash transaction are declining, thanks to the introduction of online banking system in the economy. This was said in Dar es Salaam on Tuesday by the NBC Bank, Head of Alternative Channels, Mr Raymond Mutagahywa, at the launch of the online banking services to users of smartphones and tablets.
Accepting credit cards as payment in your business transactions is a very promising concept. You can increase your revenue, your customer base and improve productivity. Getting a merchant account to be able to accept cards for payments adds convenience, cost-effectiveness and a gives the impression that your business is professionally run. If you have already
In line with Sub-Saharan Africa’s (SSA) projected economic growth of 4.9%(1) this year, which is double the projection for advanced economies (2.4%), DHL SSA expects 2015 to be a year of growth for the logistics industry on the African continent, largely driven by increased consumer demand and the rapidly developing e-commerce industry. This is according
For the past five years or so, Ghana has ploughed a somewhat lonely furrow in the world of mobile money. One of the wealthiest countries (per capita) in West Africa, Ghana also has one of the highest banked populations in Sub-Saharan Africa, at around 30%[1], and one of the 10 highest unique mobile subscriber penetration
MasterCard launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to merchants and their customers who previously depended on cash to transact. To kick off the program, MasterCard is partnering with First Bank of Nigeria and Guaranty Trust Bank Plc (GTBank)
Exim Bank Tanzania has opened its second branch in Djibouti to extending its services to customers in the Horn of Africa as it continues to widen its reach to customers abroad. The Governor of The Central Bank of Djibouti, Mr Ahmed Osman, speaking at the inauguration ceremony on Monday, congratulated Exim Bank’s efforts to bring its
Verifone Mobile Money and MTN Group, announced an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone. “We are
JUMIA continues its rapid expansion with the opening of six new hubs in Cote d’Ivoire in the cities of Yamoussoukro, Bouaké, San Pedro, Daloa, Gagnoa, and Korogho. Jumia intends to achieve its goal to revolutionize the shopping habits of all Ivorians. The new JUMIA hubs will enable the e-commerce leader to satisfy an exponentially growing
Research shows that South Africans have a big appetite for ecommerce and find lower costs, fast and flexible delivery and more significantly, safer ways to pay to be driving influences for conducting more e-commerce purchases. A recent study conducted in South Africa by Ipsos, a global market research company, on behalf of PayPal and FNB,
FNB announced that the cardless cash withdrawal feature is available on the latest version* of the FNB Banking App. The feature allows customers to withdraw money at an ATM without using their bank cards. This launch to the 1.2million active devices that currently make use of the FNB Banking App comes shortly after FNB announced
